December 7, 2024 08:00-12:00 Hello brothers and sisters, here's a work report: What does it mean to go with the trend? It is not just about looking at a few indicators, a few candlesticks, or a few cycles! Change your mindset and look further. Analyzing from a global perspective to understand the trend will lead to more effective outcomes; starting from a global perspective will always help identify opportunities in advance.
Global Perspective: Currently, the overall market and Ethereum structure are emerging, waiting for a complete structure to unfold. There is little selling pressure ahead in the market, and buying support below is also decreasing, creating a space for upward and downward pin bars. However, there is significant selling pressure ahead for Ethereum, which will follow the market in a volatile consolidation. In a high-level volatile market, contracts are very difficult to manage, and it is advisable to avoid contracts at this position. Other than structural positions, it is recommended to reduce holdings on rallies to secure profits. In recent days, the overall altcoin market has continued to decrease in both weekly and monthly structures, indicating significant contention among most altcoins at this position.
In terms of global operations, with high-level volatility, prioritize spot trading. Structural positions can continue to look at the first and second take-profit levels due to the weekly and monthly structures.
The fifth phase of structural positions has been filtered out and will be launched at an opportune time.
Overall Summary of the Market: High-level Volatile Market The 4-hour price is testing the previous high resistance level upward, The daily cycle shows a high-level divergence in the upward trend, with slight selling pressure at 110000 in the market. The high-level volatility cycle has effective support on the daily and weekly charts. Market Weekly Structure: Weekly structure has appeared; continue to wait for a complete structure to unfold. Market Monthly Structure: Monthly structure is complete.
Overall Summary of Ethereum: Divergence in the upward trend, following the market's high-level volatility. The 4-hour price has broken through the previous high; the daily cycle shows high-level divergence, with the structure indicating significant selling pressure at 4500 in a high-level volatile market. Ethereum Weekly Structure: Weekly structure has appeared; waiting for a complete structure to unfold. Ethereum Monthly Structure: Monthly structure is complete.
Overall Structure of Altcoins: Waiting for new structural positions to enter. Monitoring range: 330 altcoins on Binance. Comparison of structures between yesterday and today: Weekly Structure: 113/291 Quantity doubled Monthly Structure: 99/276 Quantity doubled Weekly and Monthly Structure: 90/45 Quantity halved Judgment range for the opening of the altcoin season:
Monthly structure greater than 150, or weekly and monthly structure greater than 100.
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⚠️ Notice! All published orders are personal experiences and should not be considered investment advice. Trading involves risks; please exercise caution when entering the market.
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